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April 2014 Newsletter

by Adamchik,William J last modified Apr 09, 2014 04:29 PM

This is the 28th edition of the Financial Aid Newsletter. This publication is primarily for undergraduate and graduate students. It will help keep you informed of upcoming deadlines and financial aid news throughout the year. You can access past newsletters online at: http://louisville.edu/financialaid/our-services/e-newsletters

The spring semester is winding down, so now is a good time to check in with the financial aid office on what's happening in the Houchens Building. We've gotten a lot of the same questions from students, so this newsletter will address some of the things we've been hearing.


When should I file the 2014-2015 FAFSA?

Ideally, that should have been done back in January, but if you have not already done so, now is the time to complete your 2014-2015 FAFSA online. Since this year’s tax deadline is fast-approaching, you should have everything you need to apply for federal aid.

If you've file your taxes, be sure to use the IRS Data Retrieval Tool to automatically import your tax information onto your FAFSA. It makes filing the FAFSA a breeze!

 

What's the IRS Data Retrieval Tool?

If you have completed an IRS federal income tax return, you may be eligible to use the IRS Data Retrieval Tool, which is the best and easiest way to provide accurate tax information. With just a few simple steps, you can view the information from your IRS income tax return and transfer that information directly into your FAFSA. This will make the processing of your aid go a whole
lot smoother.

If you haven’t done so already, please log in to FAFSA.gov to transfer your (and your parent's if applicable) 2013 IRS income tax information into your FAFSA using the IRS Data Retrieval. We've laid out step-by-step instructions on our website: http://louisville.edu/financialaid/how-to-apply/irs-data-retrieval.html.


I’ve applied for financial aid for next year, now what?

The Student Financial Aid Office will begin creating award packages for continuing and transfer students by early June. We may contact you for additional information necessary to complete your financial aid file. Regularly check your To Do List available by logging into ULink for important messages and forms. Be sure to watch your CardMail email account.


Wait…my 'To Do List'? What's that?

It's where our office (as well as other offices) put requests for information needed from you. It can be found via ULink. It's important to check it regularly so you can print and submit any forms listed, along with any required documentation, as soon as possible.
Replying to requests quickly helps to ensure your eligibility for financial aid is evaluated in a timely manner. Your To Do List can be accessed under the financial aid section on the Student Services Tab.

 

OK, I can handle that…what about if I'm going to take summer classes? Can I get financial aid for that?

Possibly! We've made it easy for you to apply, and to have your federal aid eligibility evaluated, by providing an online application via ULink. Just log in and click on "Apply for Summer Federal Aid" in the Financial Aid section on the Student Services tab.

You must have a complete 2013-2014 financial aid file to apply, which includes a 2013-2014 FAFSA and all requested documentation. Just be sure to finalize your summer enrollment before you apply. If you submit the online summer application before you finalize your summer enrollment, your awards may be delayed and may have to be adjusted.

During summer, federal financial assistance is available to eligible applicants who have remaining Pell Grant, TEACH Grant, Stafford Loan, and/or GradPLUS eligibility for the award year. Parents of dependent, undergraduate students can also apply for the Parent PLUS Loan. For additional information regarding PLUS Loans, please visit our loans website.

If awarded financial aid for summer, if you drop a class during the term's 100% tuition reduction credit period, your aid will be reviewed and evaluated for any necessary adjustments. It is strongly recommended if you drop classes with the intention to add others, that you drop and add at the same time.

 

I could always use some more aid for next year, are there any scholarship opportunities available?

The Student Financial Aid Office keeps our website updated on an ongoing basis with information about current scholarship opportunities. You may view the scholarship page at http://louisville.edu/financialaid/scholarships.

On this website, be sure to check the Outside Scholarships section. From there, you can link to the outside scholarship web page to view all outside scholarships about which the Student Financial Aid Office has been notified. We encourage students to review this list periodically throughout the year; it is updated frequently with new information.

Under the heading of Departmental Scholarships/Assistantships/Fellowships, click on the "departmental awards" link to access current links to campus department and/or school websites where scholarships may be advertised. We also recommend students check directly with the department and/or school in which they are studying to see if there are any scholarships available.

If you will be receiving a scholarship for the upcoming year, please report this information on our Report Other Aid Form at http://louisville.edu/financialaid/our -services/report-other-aid-resources.

 

What else should I check out while I'm on your website?

While you're there, it's a good time to familiarize yourself with our Satisfactory Academic Progress Policy!

Satisfactory Academic Progress is about ensuring students are able to complete their academic program in a timely manner while achieving minimum academic standards. You must meet the components of SAP to receive federal aid and state need-based financial aid. A more-detailed explanation of SAP can be found at http://louisville.edu/financialaid/ satisfactory-academic-progress.

If you have any concerns about SAP, give us a call: 502-852-5511. Seriously, we'd love to talk it over with you if you have questions!

 

Thanks for all the great information! Hey, does the Student Financial Aid Office close during summer?

Nope! We'll maintain our standard office hours (9:00 a.m. to 5:00 p.m.) every day of the week but Thursday.

On select Thursdays in April through August, the office will be closed from 9:00 a.m. until 12:30 p.m. The office will be open from 12:30 p.m. to 5:00 p.m. Please check our website for messages regarding our hours.

 

One last question…who should I contact if I've got some questions about my financial aid?

You can always call our office at 502-852-5511 to speak with a counselor in our Call Center. Or if you can email our office at finaid@louisville.edu. If you need additional financial assistance, you may contact your counselor (according to your last name) to discuss your circumstances via email or on the phone. Walk-in counseling is available, or you may schedule an appointment by contacting your counselor.
Last Name A-G: Samantha Goodin 852-7554
Last Name H-O: Monique Green 852-8909
Last Name P-Z: Cedric Trigg 852-1405

 

Looking Ahead - Upcoming Important Dates

NOW: File or update your FAFSA using the IRS Data Retrieval Tool if you haven't done so already!
April 11th-14th: StudentLoans.Gov and NSLDS websites offline during weekend
April 21st: Last day of spring classes for undergraduates and graduates
May 1st: Last day of Spring Federal Work-Study
April 30th/Early May: Evaluation of Satisfactory Academic Progress (SAP) begins
May 12th: Summer Term I classes begin
May 13th: Last day to add/drop for Summer Term I
May 23rd: Last day to withdraw from Summer Term I
June 2nd: Last day of classes for Summer Term I

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FAFSA Code: 001999

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Louisville, KY 40292

FAFSA School Code: 001999

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